Accountants Buzzacott have revealed its latest Organic Growth Index 25 (OG25) which spotlights the UK’s fastest organically-growing businesses, with three companies across our region sitting pretty on the list.
This path to success – scaling a business without receiving external investment – is a challenging one, but Bracknell-based global medtech and patient health services company Mdgroup, Solihull-based security company MAN Commercial Protection and Select Car Leasing, based in Reading are succeeding.
Mdgroup has evolved to meet the changing needs of the clinical research industry at an unprecedented rate. The company’s 2021 achievements include supporting the uptake of decentralised clinical trials, growing and developing its mobile health division, and launching medical distribution centres in the EU and North America to carry out clinical trial visits in patients’ own homes.
Its impressive organic growth has been recognized by accountancy and HR consultancy firm Buzzacott, which compiled the list.
This is the second year the OG25 has been assembled using companies’ revenue growth as a percentage: it reveals that mdgroup grew sales from £12.8 million in 2017 to £25.7 million in 2020 and increased headcount from 42 to 89 over the same period.
“We are delighted with our inclusion in Buzzacott’s Organic Growth 25 as it honours the accomplishments of our remarkable team over the past 12 months,” said Tarquin Scadding-Hunt, CEO of mdgroup.
“We are investing hugely in research and development, creating innovative healthcare technology that tackles the ongoing challenges our clients face at each stage of a clinical trial.
Matt Katz, Partner and Head of Corporate Finance, said: “Through our OG25 list, we’re proud to champion UK businesses that have thrived from organic growth – a method that requires tenacity, hard work and vision. I personally want to congratulate every one of this year’s OG25 businesses and the teams behind them for achieving such exceptional growth, particularly given the challenging circumstances of the past 18 months.”